SBA Communications (NASDAQ:SBAC) Posts Earnings Results, Beats Estimates By $0.42 EPS
SBA Communications (NASDAQ:SBAC) issued its quarterly earnings data on Sunday. The technology company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.42, MarketWatch Earnings reports. The company had revenue of $536.00 million for the quarter, compared to analyst estimates of $530.25 million. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS.
Shares of SBAC stock traded down $6.70 during mid-day trading on Tuesday, reaching $253.00. The stock had a trading volume of 18,867 shares, compared to its average volume of 726,411. The firm’s 50 day simple moving average is $268.39 and its 200 day simple moving average is $290.87. SBA Communications has a one year low of $205.20 and a one year high of $328.37. The firm has a market cap of $28.11 billion, a PE ratio of -1,715.02 and a beta of 0.21.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Wednesday, March 10th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from SBA Communications’s previous quarterly dividend of $0.47. SBA Communications’s dividend payout ratio (DPR) is currently 21.91%.
About SBA Communications
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By ÂBuilding Better Wireless,Â SBA generates revenue from two primary businesses Â- site leasing and site development services.
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